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We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...
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, discuss the difficulties with dynamic voting procedures and review some ways to overcome them. We conclude by highlighting the …
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I investigate minority votes in the German Council of Economic Experts. The dataset contains information on the voting … behavior of the council members over the period 1971-2011. The results show that the best predictor of minority voting is being … against the majority opinion of the German Council of Economic Experts. This voting pattern indicates that the channel of …
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We compiled data on all United Nations General Assembly resolutions on which voting took place between January 1990 and … model of behavioral political economy that includes decoy voting, vanity of autocrats, and a Schelling focal point for …
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the majority increased by one percentage point, the likelihood of voting in favour of same-sex marriage decreased by …
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